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: Law Blog - WSJ.comGrand Jury Indicts Rajaratnam, One Other, In Insider Trading Case
By Ashby Jones
Well, it’s official: Raj Rajaratnam now has to enter a plea.
The U.S. Attorney’s Office for the Southern District of New York on Tuesday unveiled its indictment against the Galleon Group founder, who was criminally charged back in October for insider trading. Click here for the WSJ story; here for the indictment itself; here for previous LB coverage of the Rajaratnam situation.
A federal grand jury charged Rajaratnam with five counts of conspiracy and six counts of securities fraud. The grand jury also charged Danielle Chiesi, a former consultant to New Castle Partners LLC, with three counts of conspiracy and seven counts of securities fraud.
Rajaratnam is represented by Akin Gump’s John Dowd.
Full post as published by Law Blog - WSJ.com on December 15, 2009 (boomark / email).
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